Welfare Reform and Pensions Act 1999

Occupational pension schemes: certificates etc. relating to minimum funding requirement U.K.

14 (1) In section 58 of the M1 Pensions Act 1995 (schedules of contributions), in subsection (6)(a) (certification by actuary of adequacy of rates of contributions to meet minimum funding requirement)— E+W+S

(a) for the words from “on the date” to “is met,” substitute “ it appears to him that the minimum funding requirement was met on the prescribed date, ”; and

(b) omit the words “continue to”.

(2) In section 59 of that Act (determination of contributions: supplementary), in subsection (3) (duty of trustees etc. to prepare report of failure to meet minimum funding requirement), after “they must” insert “ , within such further period as may be prescribed, ”.

Commencement Information

I1 Sch. 2 para. 14 wholly in force at 19.3.2002; Sch. 2 para. 14 in force for certain purposes at Royal Assent see s. 89(1)(5); Sch. 2 para. 14 in force at 1.2.2002 insofar as not already in force by S.I. 2001/4049, art. 2(2)(a) (which S.I. 2001/4049, art. 2(2)(a) was omitted (30.1.2002) by virtue of S.I. 2002/153, art. 3); Sch. 2 para. 14 in force at 19.3.2002 insofar as not already in force by S.I. 2002/381, art. 2(a)

Marginal Citations

M1 1995 c. 26.